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EVs to Increase Copper Demand 9x?!

from ASA Materials Market Digest©

The growing market for electric vehicles (EVs) will significantly impact demand for copper over the next decade, according to new research commissioned by the International Copper Association (ICA). The study was conducted by IDTechEx and predicts copper demand for electric cars and buses will grow from 185,000 tonnes in 2017 to 1.74 million tonnes in 2027. That’s a nine fold increase! On top of this, each electric vehicle charger will add 0.7 kg of copper, and if it’s a fast charger, up to 8.0 kg of copper. But before one stuffs warehouses to the roof with copper expecting to make a killing down the road, visit MY ASA for the latest and archived installments of ASA’s Materials Market Digest©. more

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